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The US Federal Reserve is brokering discussions between Wells Fargo & Co and Citigroup.
Monday, October 06, 2008 www.indianexpress.com
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Business
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Washington: The US Federal Reserve is brokering discussions between Wells Fargo & Co and Citigroup Inc over which of the banks will buy Wachovia Corp's assets, people familiar with the matter said on Sunday.
The Fed is pushing the two banks to compromise by potentially carving up Wachovia between them, the Wall Street Journal reported. Wachovia, the sixth-largest US bank, has been hobbled by the
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